Barclays PLC Has $5.71 Million Holdings in ESAB Co. (NYSE:ESAB)

Barclays PLC raised its holdings in ESAB Co. (NYSE:ESAB - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,627 shares of the company's stock after purchasing an additional 16,114 shares during the quarter. Barclays PLC owned 0.08% of ESAB worth $5,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in ESAB by 70.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in ESAB during the 4th quarter worth approximately $34,000. Trust Co. of Vermont lifted its stake in ESAB by 871.0% in the 4th quarter. Trust Co. of Vermont now owns 301 shares of the company's stock valued at $36,000 after purchasing an additional 270 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in ESAB in the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC boosted its position in ESAB by 33.9% in the fourth quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $66,000 after buying an additional 139 shares in the last quarter. Institutional investors own 91.13% of the company's stock.

ESAB Trading Down 0.7 %

Shares of ESAB traded down $0.87 during mid-day trading on Tuesday, reaching $118.38. 324,601 shares of the company were exchanged, compared to its average volume of 278,653. The business has a 50 day simple moving average of $117.98 and a two-hundred day simple moving average of $121.37. ESAB Co. has a 52 week low of $88.54 and a 52 week high of $135.97. The stock has a market capitalization of $7.18 billion, a PE ratio of 27.40, a PEG ratio of 2.01 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.82.

ESAB (NYSE:ESAB - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.13. ESAB had a net margin of 9.66% and a return on equity of 17.43%. The firm had revenue of $633.20 million for the quarter, compared to the consensus estimate of $636.43 million. On average, analysts predict that ESAB Co. will post 5.16 earnings per share for the current fiscal year.

ESAB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were given a dividend of $0.08 per share. The ex-dividend date was Friday, April 4th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. ESAB's dividend payout ratio (DPR) is currently 7.41%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ESAB shares. UBS Group upgraded ESAB from a "neutral" rating to a "buy" rating and increased their price target for the company from $123.00 to $147.00 in a research note on Tuesday, April 1st. Stifel Nicolaus dropped their target price on ESAB from $125.00 to $109.00 and set a "hold" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. boosted their price target on ESAB from $133.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Finally, Evercore ISI upgraded shares of ESAB from an "underperform" rating to an "inline" rating and dropped their price objective for the company from $122.00 to $120.00 in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.75.

ESAB Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.